Spire Wealth Management acquired a new position in shares of PSQ Holdings, Inc. (NYSE:PSQH - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 236,150 shares of the company's stock, valued at approximately $1,072,000. Spire Wealth Management owned approximately 0.68% of PSQ at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of PSQH. Oxinas Partners Wealth Management LLC acquired a new position in PSQ during the fourth quarter valued at approximately $82,000. Calton & Associates Inc. purchased a new stake in PSQ during the 4th quarter worth $200,000. Finally, Geode Capital Management LLC lifted its holdings in PSQ by 28.6% in the 3rd quarter. Geode Capital Management LLC now owns 199,185 shares of the company's stock worth $490,000 after buying an additional 44,282 shares in the last quarter. Institutional investors and hedge funds own 17.32% of the company's stock.
PSQ Stock Performance
PSQH traded down $0.08 during trading hours on Friday, hitting $3.88. 751,993 shares of the stock were exchanged, compared to its average volume of 1,270,018. The company has a debt-to-equity ratio of 6.46, a current ratio of 1.90 and a quick ratio of 1.72. PSQ Holdings, Inc. has a 12 month low of $2.00 and a 12 month high of $7.77. The stock has a 50-day simple moving average of $4.21 and a 200-day simple moving average of $3.17. The stock has a market cap of $134.70 million, a price-to-earnings ratio of -3.08 and a beta of -0.29.
PSQ (NYSE:PSQH - Get Free Report) last posted its earnings results on Tuesday, November 12th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.40) by ($0.01). PSQ had a negative net margin of 227.52% and a negative return on equity of 404.92%. The company had revenue of $6.54 million for the quarter, compared to the consensus estimate of $6.52 million. During the same period last year, the company posted ($0.49) earnings per share. Analysts anticipate that PSQ Holdings, Inc. will post -1.54 earnings per share for the current year.
Wall Street Analysts Forecast Growth
PSQH has been the topic of several recent analyst reports. Maxim Group initiated coverage on PSQ in a research note on Wednesday, January 15th. They issued a "buy" rating and a $8.00 price target on the stock. Roth Mkm decreased their price target on shares of PSQ from $5.00 to $3.50 and set a "buy" rating for the company in a research report on Thursday, November 14th.
Check Out Our Latest Analysis on PSQ
About PSQ
(
Free Report)
PSQ Holdings, Inc, together with its subsidiaries, operates an online marketplace through advertising and eCommerce in the United States. It operates through two segments, Marketplace and Brands segments. The PSQ platform is accessible through its mobile application and website. The company also sells diapers and wipes to mothers online under the EveryLife brand name.
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